|Tenure||MCLR (in %)|
|MCLR for 1 month||9.20|
|MCLR for 3 months||9.30|
|MCLR for 6 months||9.35|
|MCLR for 1 year||9.40%|
|MCLR for 3 years||9.40$|
|MCLR for 5 years||9.60%|
The RBI guidelines state that the loans offered by the Bank of Baroda are linked with the Marginal Cost of Funds based Lending Rate, MCLR. These rates depend on numerous factors such as minimum rate of Return, banking operation expenses and cost of funds.
Strategic Premium of 0.25% shall levy in addition to the MCLR given overhead.
The bank will offer personal loans to the new borrowers linked with MCLR rate system. These rates are subject to change without prior notice. The MCLR rates for Baroda Personal Loan is MCLR for one year + Strategic Premium +4.50%. The MCLR rate for Baroda Premium Personal Loan, Category A and Category B are MCLR + Strategic Premium + 3.00% and MCLR + Strategic Premium + 4.00% respectively.
the bank offers personal loans to its existing customers on the new base rate system. The applicable interest here is Base rate plus 4.5%. The existing customers can also switch to the MCLR interest system.
401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614